GREY:LEDIF - Post by User
Post by
ledrogon Feb 21, 2016 9:02am
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Post# 24579173
Lower highs and lower lows...
Lower highs and lower lows...Going back to March of 2015 the PPS had dropped to about 25 cents, then it rebounded up around 34 cents in April. Woo hoo...bullmetal (and I at the time) were hopeful, excited even.
Then it fell, by August it had dropped to about 21 cents....and then the rebound, this time to just about 27 cents in September. Fourth quarter coming, this time will be different...the rally will continue. Nope
By October it was down to 19 cents, but again it rebounded....by November it was back to 23 cents.
December down to a lower low of 15 cents before rebounding to 18.5 in early January.
But that didn't last either, back down again to a low of 13.5 cents in that same month of January and then the rebound which hasn't fallen back yet putting us at our current 17 cents.
To recap:
25 cents to 34
21 cents to 27
19 cents to 23
15 cents to 18.5
13.5 cents to 17
Each time a lower high and a lower low....when this rally ends the pattern says the next low will be less than 13.5....maybe 11.....in another few months we'll be seeing that predicted 9 cents if the pattern holds.